'That is the one headline the world is reading about India this week, and it is a potentially damaging story...' 'I don't think a panic mentality has set in, but this story is one that investors and market watchers are absolutely seized with.'
IndusInd Bank was the top gainer in the Sensex pack, rising nearly 6 per cent, followed by Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries. NSE Nifty surged 183.70 points to close at 17,166.90.
Last week, SLC appointed former first-class cricketer Jerome Jayaratne as the national team manager for the Islanders' upcoming tour of the West Indies.
Biocon has managed to heal the wound fast. India's largest biotechnology company, which straddles high-end drug research to generics, bet the wrong way on how the rupee will move against the dollar and paid a big price last year.
England's One-Day International series with South Africa has been cancelled after reported breaches of the teams' bio-secure environment in Cape Town.
The country's largest software services firm, Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March 2021 quarter.
England's Ben Stokes said the knee issue that hampered him in the Ashes opener was a flare-up of an older injury and the all-rounder is confident he can manage it going into the second match in Adelaide this week.
On a standalone basis, the company reported a net loss of Rs 249.4 crore for the first quarter ended June 30. Net sales declined to Rs 3,679 crore in the first quarter as against Rs 18,738.8 crore in the year-ago period.
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals.
PV Sindhu won Swiss Open title after beating Busanan Ongbamrungphan of Thailand in final
The weekly positivity rate has declined to 8.21 per cent. The active cases have reduced to 17,93,645 comprising 6.34 er cent of the total infections, while the national COVID-19 recovery rate has improved to 92.48 per cent.
As far as its revised training itinerary is concerned, it is understood that the Sri Lankan team will be practising at the Khettarama (R Premadas Stadium) in Colombo, since the Indians are training at the Singhalese Sports Club ground (SSC).
This is also the fifth successive day that more than 20 lakh tests have been conducted in India, it said
The active cases have further declined to 5,09,637, comprising 1.67 per cent of the total infections, while the national COVID-19 recovery rate has improved to 97.01 per cent, the data updated at 8 am showed.
The active cases -- 4,95,533 -- were recorded below five lakh after 97 days and comprised 1.62 per cent of the total infections.
Around 70,000 people are expected to watch the match from the venue on the first day.
In spite of a severe second wave of the coronavirus pandemic, and a widespread disruption in public life therefore, India's fast-moving consumer goods (FMGC) sector seems to have emerged as one of the most resilient segments of the economy. The early numbers and estimates for the April-June quarter indicate a steady recovery in FMCG players' business, which is now set to exceed the pre-pandemic level. Amid nationwide lockdowns because of the first Covid wave, FMCG revenues had been severely affected in mid-2020.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
While presenting her 2021-22 Union Budget, Finance Minister Nirmala Sitharaman had set a fiscal deficit target of 6.8 per cent of nominal gross domestic product (GDP) against the 2020-21 Revised Estimate of 9.5 per cent. The fiscal correction in the upcoming 2022-23 Union Budget is unlikely to be that steep. Even as discussions among top Budget-makers are ongoing, the fiscal deficit target for 2022-23 may likely be in the range of 6.5-6.8 per cent.
The daily positivity rate dropped to 3.22 per cent. It has been less than five per cent for nine consecutive days, the ministry said, adding the weekly positivity rate has declined to 4.17 per cent.
Not all public sector banks are back in the black, but their collective net profit for the year is Rs 32,346 crore against a Rs 9,013 crore loss in the previous year, points out Tamal Bandyopadhyay.
"Vaccination is our big weapon in the fight against COVID-19," he said. He added that India is the fastest country globally to reach the landmark of 17 crore doses in 114 days and thanked all the states and UTs for their contribution in achieving this feat.
Finance Minister Arun Jaitley announced several reforms.
The active cases have reduced to 16,35,993 comprising 5.73 per cent of the total infections, while the national COVID-19 recovery rate has improved to 93.08 per cent.
The number of people who have recuperated from the disease surged to 2,75,04,126, while the case fatality rate has increased to 1.22 per cent, the data stated.
'We continue to invest in digital capabilities'.
Highlights of Economic Survey 2020-21, tabled in Parliament by Finance Minister Nirmala Sitharaman on Friday.
Recoveries outnumbered daily new cases of COVID-19 for the 43rd consecutive day with the number of people who have recuperated from the disease surging to 2,91,28,267. The case fatality rate stood at 1.31 per cent.
This is the second day in a row that the case positivity rate has remained below 10 per cent, the ministry said. The weekly positivity rate has also declined to 11.45 per cent.
On Monday night, when President Ram Nath Kovind presented the Padma awards at a civil investiture ceremony in the Darbar Hall of Rashtrapati Bhavan, the loudest applause was reserved for Swami Sivananda, the 125-year-old yoga guru who walked barefoot to receive the Padma Shri -- after prostrating before Prime Minister Narendra Damodardas Modi and President Kovind.
Reserve Bank Governor Shaktikanta Das on Monday said despite the latest headwinds arising from the Jackson Hole summit leading to extreme volatility, our banking system and financial markets are strong enough to withstand such pressures. Taking the markets by surprise, US Fed chair Jerome Powell had told the annual Jackson Hole summit of central bankers and economists last week that he would have to keep raising federal fund rates to tame inflation, which remains the biggest challenge to the world's largest economy. He also warned of the pains that such monetary policy actions would create on growth and jobs.
IT company Wipro posted a 17 per cent jump in consolidated net profit to Rs 2,930.6 crore for the quarter ended on September 30, 2021. The company had posted a net profit of Rs 2,484.4 crore in the same period a year ago. Wipro said that it has surpassed $10 billion (around Rs 75,300 crore) annualised revenue run rate.
Five states -- Maharashtra, Punjab, Karnataka, Chhattisgarh and Gujarat -- have registered a sharp rise in daily COVID-19 cases, the Union Health Ministry said on Friday as India recorded 59,118 new infections, the highest single-day rise so far this year.
The active cases further declined to 11,21,671 comprising 3.83 per cent of the total infections.
Mann stares at a twin-headed monster: Resuscitating the state's debilitated public-sector enterprises and controlling the spiralling debt to keep the state machinery and his poll-fuelled populist schemes running.
Tennis players and venues stick to strict guidelines aimed at minimising health risks.
India has surpassed the United States to become the fastest COVID-19 vaccinating country in the world with an average daily rate of 30,93,861 vaccine doses, the Union health ministry said.
The CAD is a critical indicator of the macroeconomic health and represents the gap between the overall foreign exchange expended and received in the economy.
India' total COVID-19 infections had surpassed the one crore mark on December 19 after which it took around 136 days to cross the two crore mark on May 4.
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